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The Minister Of Finance Stresses The Importance Of Activating Memorandums Of Understanding With Saudi Arabia Regarding Banking Sectors
05/25/2023
2552
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05/25/2023
2552
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Earth News / Finance Minister Taif Sami stressed today, Thursday, the importance of activating the memorandums of understanding signed with the Saudi side, related to investment, agriculture, health and industry sectors.
A statement by the ministry, received by Earth News, stated that “Minister of Finance Taif Sami Muhammad stressed, in her second meeting with the Saudi Minister of Investment, His Excellency Khaled Al-Falih, the importance of activating the memorandums of understanding signed with the Saudi side related to the banking sectors and supporting projects in the sectors of industry, agriculture, health, and the field of trade movement between the two countries.” .
Sami explained, “The role of the committees emanating from both sides in activating the projects proposed by the Saudi brothers related to aspects of financing and grants provided for infrastructure purposes in Iraq, such as hospitals, schools, health centers, and grain silo projects in the governorates.”
Sami welcomed, "the desire of the Kingdom's government to contribute to the Iraqi Development Fund, which is to be established upon obtaining the approval of the Iraqi parliament."
The Minister of Finance also discussed, during her meeting with representatives of the Saudi Development Fund and the Islamic Bank, the proposed projects to be implemented in Iraq, and welcomed them, as she promised to include them in the general federal budget of the Republic of Iraq for the year 2024. It is noteworthy that the meetings came on the sidelines of the meetings of the Iraqi-Saudi Coordination
Council In its fifth session held in Jeddah, with the participation of a high-ranking delegation that included a number of ministers and the governor of the Central Bank, in addition to the Saudi-Iraqi Economic Forum, and in the presence of a number of businessmen from both countries.
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A statement by the ministry, received by Earth News, stated that “Minister of Finance Taif Sami Muhammad stressed, in her second meeting with the Saudi Minister of Investment, His Excellency Khaled Al-Falih, the importance of activating the memorandums of understanding signed with the Saudi side related to the banking sectors and supporting projects in the sectors of industry, agriculture, health, and the field of trade movement between the two countries.” .
Sami explained, “The role of the committees emanating from both sides in activating the projects proposed by the Saudi brothers related to aspects of financing and grants provided for infrastructure purposes in Iraq, such as hospitals, schools, health centers, and grain silo projects in the governorates.”
Sami welcomed, "the desire of the Kingdom's government to contribute to the Iraqi Development Fund, which is to be established upon obtaining the approval of the Iraqi parliament."
The Minister of Finance also discussed, during her meeting with representatives of the Saudi Development Fund and the Islamic Bank, the proposed projects to be implemented in Iraq, and welcomed them, as she promised to include them in the general federal budget of the Republic of Iraq for the year 2024. It is noteworthy that the meetings came on the sidelines of the meetings of the Iraqi-Saudi Coordination
Council In its fifth session held in Jeddah, with the participation of a high-ranking delegation that included a number of ministers and the governor of the Central Bank, in addition to the Saudi-Iraqi Economic Forum, and in the presence of a number of businessmen from both countries.
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